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Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Full Article at Daily Paul
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Oct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the... Full Article at Daily Paul
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The proposed Consumer Financial Protection Agency took another step forward Thursday in the House, moving out of the Financial Services Committee -- albeit a bit weaker -- on its way toward the floor. Full Article at Huffington Post
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The agency would have full power over roughly 115 banks and 80 credit unions, according to the amendment’s sponsors, Reps. Brad Miller (D-N.C.) and Dennis Moore (D-Kansas.) The panel will continue its markup of legislation on Tuesday. Full Article at The Hill
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“I think there is some room now to tighten up some of what we are doing,” Frank said. Full Article at The Hill
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The Consumer Financial Protection Agency will prevent predatory lending practices and other abuses and will ensure that consumers get clear information they can understand about financial products like credit cards and mortgages ... We will continue to work closely with Congress to create, for the first...
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I would say to my friend, it's a little late now for this. I think frankly there was a lot of unnecessary debate
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The odds are that we flatten out, even though earnings are doing very well
SOURCE: Huffington Post -
We have restricted the CFPA from what the administration proposed
